A city reports deferred tax revenue of $300,000 at the beginning of the year and $350,000 at the end of the year. What adjustment is needed to changes in fund balance to reconcile the governmental funds operating statement information to the changes in net position for governmental activities in the government-wide statement?

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The Answer of A city reports deferred tax revenue of $300,000 at the beginning of the year and $350,000 at the end of the year. What adjustment is needed to changes in fund balance to reconcile the governmental funds operating statement information to the changes in net position for governmental activities in the government-wide statement?

A City Reports Deferred Tax Revenue of $300,000 at the Beginning